Several factors underscore WaterPur's investment
appeal. The World Health Organization estimates
that over 2 billion people around the world lack
daily access to safe water supply. A recent World
Bank study estimates that between $600 and $800
billion will be required to satisfy the water
infrastructure requirements of the developing
countries. WaterPur's technology, products and
business plan are focused on addressing this
substantial market.
WaterPur offers technology to bring cost-effective,
safe drinking water to smaller communities where
larger municipal water systems would be
impractical. Incorporated into WaterPur's business
plan are multiple strategies to capitalize on its
market position plans, each affording its own
opportunities.
Community Systems: This product category,
known as the WP series, addresses the rural
and urban population of small- to medium-sized
communities of up to 100,000 people. In
addition, the WP series addresses the industrial
segment for process and waste water treatment
applications based on the use of additional
process modules for the removal of specific
contaminants in the water.
Commercial Systems: This product category,
known as the Diamond Rain systems, addresses
the needs of two levels of the urban population:
1) specialized purification systems for
organizations such as schools, hospitals,
airports, hotels, and restaurants, as well as
for animal husbandry and smaller sized
industrial applications; and
2) bulk purified water sales distributed,
through grocery stores, small outlets and
franchise water stores. The Company
currently has six dedicated water stores
(Vietpure stores) in Vietnam.
Consumer Products: The Diamond Rain
consumer product line provides multi-purpose
bottled water and point-of-use water
purification systems and filters--including water
coolers, sports bottles, countertop,
undercounter and refrigerator units. Consumer
products are currently distributed in North
America, Korea, the Middle East and Vietnam.
WaterPur's major source of revenue is expected to
be the Community and Commercial Water Supply
market. With the exception of infrastructure
projects involving municipal systems for large cities,
competition relating to small, low-cost, packaged
water treatment equipment and services is generally
weak and fragmented in the developing nations.
WATERPUR
INTERNATIONAL INC.
ENTERS CHINA
Sparks, Nevada--November 26, 1997 --WaterPur
International Inc. (OTC:WPUR) announced that a
Memorandum of Agreement has been signed with
an agency of the Government of China for the
establishment of a Joint Venture whose primary role
will be to manufacture and supply low-cost water
treatment systems to small and medium-sized
communities across China.
Under the terms of the Agreement, WaterPur will
own a 50% equity interest in the Joint Venture.
WaterPur will transfer its low-cost water treatment
technology to the Joint Venture. The Chinese
counterparts, who will own the balance 50% equity
interest, will provide the use of existing
manufacturing facilities to produce the water
treatment systems, which will be distributed across
China through their well-established national
marketing network.
It has been agreed that all parties will endeavour to
fully establish the Joint Venture legally in China by
early 1998; subject to the receipt of all the
appropriate Chinese Government approvals. The
Joint Venture terms will address all the necessary
provisions for repatriation of profits.
Commencement of initial manufacturing and pilot
installations will be launched as soon as possible
thereafter.
Company Chairman, Amyn Dahya, said,"This is a
very important development for WaterPur as the
Company expands implementation of its global
strategy. Over the past four years, we have worked
diligently in Vietnam, which has been an important
stepping stone for us into China. The low-cost
community water systems for China have largely
been developed through our experience in Vietnam.
We have been advised that there are an estimated
800 million people in China that could utilize our
systems, since a large segment of the country's
population lives in small- to medium-sized
communities that are in urgent need of safe water
supply. Based upon an average capital cost for plant
and equipment of US$15-20 per person, this
represents a substantial market that can be
harnessed by WaterPur. The technology transfer
and local manufacture approach is the most
appropriate method for us to address the needs of
the Chinese market. Having local partners that have
existing distribution capabilities is clearly the best
way to rapidly enter the market with minimal risk.
Our global business strategy also covers expanding
our interests in the CIS, Indian and African markets,
where we have been making excellent progress.
Vietnam also continues to develop successfully. We
look forward to reporting to our shareholders in the
near future on further developments in these
markets."
WaterPur International Inc. is an environmental
technology company specializing in the provision of
low-cost water treatment systems for small and
medium-sized communities in the developing
nations.
waterpur.com
Mr Metals
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